The post Will the Impact of Bitcoin Halving Have an Effect on BTC Price? Here’s What You Need to Know appeared first on Coinpedia Fintech News The crypto space celebrated the successful completion of the 4th Bitcoin halving, just a few moments before. With this, the BTC price regained some strength; it raised above $64,200, but it turned out to be a short-lived rally. The price quickly plunged below the levels but is sustaining itself within the bullish range. Therefore, it appears that the halving impact could have started to loom but on the other hand, it may also be too early to decide. The BTC price has remained largely stagnant before and after the halving event, which previously included a couple of pullbacks. Hence, the token appears to be following a similar pattern and could remain within a compressed range for a while. Despite the halving, nothing appears to have changed to a large extent, as the volume has dropped by over 30%. This minimal impact after several days of volatility has raised concerns over its impact in the coming days. Apart from halving, other factors like geopolitical factors, money policy, etc., and many more are expected to have a larger impact. Therefore, according to one of the popular analysts, Stockmoney Lizards, the effect of the halving will not kick in immediately. When can we expect a sharp upswing in the BTC price? Source: X The recent pullback appears to have changed the market dynamics as the open interest and premium have reset. Besides, the COT data, which shows the aggregate holdings of different participants, also appears to be pretty decent. Therefore, if the BTC price records a bullish close for the day, the markets may gain some momentum in the coming week. The Bitcoin halving has not only offered the required momentum to the BTC price but has also elevated the share value of the mining companies. Just before the halving, the stock investors speculated on the performers of the various mining companies which led to a significant rise in the share price. The block reward could force the miners to rework their strategies to maintain profitability after the reduction of rewards. This may change the trading dynamics as the influx of BTC may increase from now on, which may largely impact the BTC price rally.
The post Is Being Decentralized Hunting Solana’s Performance Hints Q1 24 Income statements for Base & Solana appeared first on Coinpedia Fintech News Recently released income statements for the first quarter of 2024 reveal intriguing insights into the financial performance of two prominent blockchain networks: Base (Layer 2) and Solana (Layer 1). These statements shed light on the fundamental differences between the two chains and raise questions about the impact of decentralization on expenses, particularly for Solana. Financial Overview of Q1 ’24 According to the income statements, Base and Solana generated significant revenue from transaction fees during Q1 ’24. Base, operating as a Layer 2 (L2) solution, reported transaction fees and revenue totaling $27.31 million, mirroring its expenses at $11.86 million and resulting in a profit of $15.45 million. Q1 ‘24 income statements for Base (L2) and Solana (L1). pic.twitter.com/KSqlXSJ1Bp— Token Terminal (@tokenterminal) April 19, 2024 In contrast, Solana, functioning as a Layer 1 (L1) blockchain, generated higher transaction fees and revenue, amounting to $97.65 million and $48.82 million, respectively. Perhaps, Solana incurred substantially higher expenses of $844.86 million, leading to a significant loss of -$796.03 million. Also Check Out : Solana Price Prediction 2024 – 2030: A New Surge as SOL Eyes $500! Analyzing Expense Disparities One of the most significant questions raised by these income statements is whether decentralization is the primary driver of expenses for Solana. As Solana’s expenses amounted to a substantial loss of -$796.03 million. On the other hand, Base resulted in a profit of $15.45 million. As a Layer 1 blockchain, Solana operates as a decentralized network with a wide array of validators and nodes contributing to its security and consensus mechanism. While decentralization is a key tenet of blockchain technology, it also comes with inherent costs associated with maintaining a distributed network infrastructure Furthermore, the income statements for Q1 ’24 underscore the importance of financial transparency and accountability within the blockchain industry. As the blockchain industry continues to evolve, understanding the financial dynamics of different blockchain networks is crucial for investors, developers, and enthusiasts alike
The post Analysing DogeDay’s Influence on the Price Dynamics of DogeCoin: In-Depth appeared first on Coinpedia Fintech News DogeDay is almost here, and everyone’s buzzing about it. People think it could really shake up the price of DogeCoin. Right now, we are seeing Dogecoin’s value go up in what is called a rally. Let’s take a closer look at how DogeDay might affect Dogecoin’s price, considering how the market reacted in past years. 1. DogeDay: What’s It Before we start our analysis, let’s understand what DogeDay actually is. Dogecoin is a meme coin known for its funny dog logo and its active online community. DogeDay is a special day for the DogeCoin community, even though it does not mark any big achievements or anything. It is kind of funny because they picked April 20th, which is part of April Fool’s month, on purpose. The celebration further strengthens the bond and unity between its community members. Does this celebration truly influence the price dynamics of DogeCoin? It is what we are going to see. 2. DogeDay Effect: DogeCoin Historic Trading Volume Analysis Meme Coin 24-Hour Trading Volume,April 18, 202324-Hour Trading Volume,April 20, 2023DogeCoin $533.283k$198.445k On April 20, 2023, the 24-hour trading volume of DogeCoin raised to $198.445K from $116.071K, reported in the beginning of the same month. Four days after the event, on 24th April, 2023, the volume touched $1.221M, highest in the month, far higher than the $71.485k mark reached in the beginning of that year. Yesterday, on 18th April, 2024, the trading volume was around $533.283k. Today, on 19th April, 2024, it also crossed the mark of $1.282M. This is enough to assume that we see increased trading activities in DogeCoin during periods of DogeDay celebrations. Read Also : Dogecoin’s Evolution and the Emergence of DogeDay: What You Should Know 3. DogeDay Effect: DogeCoin Price Analysis Meme Coin Price,April 18, 2023Price,April 20, 2023DogeCoin $0.15$0.083 Previous year, on April 20, the price was at $0.083, lower than its previous day’s closing price of $0.086. Day after the DogeDay, it even fell further to 0.0777 (on April, 21, 23. That year, the market was mostly in a sideways movement. In the beginning of that year, it was around $0.07. By the end of January, I climbed to $0.09. On 9th March, 2023, I fell to $0.06. On 3rd April, 2023, It climbed to $0.09. After the DogeDay 2023, the price of the coin slowly started to descend. In mid-April, it came down to $0.06 level. It remained in that rage for a long period. In late-October, it climbed back to $0.07, after remaining trapped in the $0.05 Range for a small period. In early December, 2023, it briefly crossed the 0.100 mark. In the beginning of the year 2024, the price of DogeCoin was at $0.09. A major upward momentum was witnessed in late February, when it climbed swiftly from $0.08 to $0.11, on 29th February. On 28th March, nearly one much after it entered this bullish phase, it touched the mark of $0.21. The present price of $0.15 is far lower than the peak reached on 28th March. The data shows that the current trend is slightly favourable to DogeCoin. Unlike the previous year, there is a bullish trend that supports the coin. Read More : Dogecoin Price Prediction 2024 – 2025: Will DOGE Prices Top $1 With This Break? Endnote The influence of DogeDay on DogeCoin’s price dynamics is evident through increased trading volume during celebrations. While historical analysis indicates mixed results in price movements, current trends suggest a more favourable outlook, with a bullish trend supporting DogeCoin’s value.
From the rise of social networking to a more fractured media landscape to the integration of artificial intelligence (AI) into daily life, the world looks very different now than it did in the ’00s, and brands are seizing on the opportunity to harken back to a simpler (and more low-rise-jeans-filled) time. Most of us don’t turn to beer brands to provide us with our cellphones, but Heineken announced Wednesday (April 17) a collaboration with streetwear marketplace Bodega to launch The Boring Phone, a non-internet-connected flip phone. Following a limited giveaway of this device, the brand is launching an app to “turn smartphones boring” in June. “We could all do with a break from the constant distractions of smart tech; something our research has shown is even more important to our Gen Z and Millennial consumers,” Nabil Nasser, global head of Heineken, said in a statement. “When we spoke to them about their smartphone usage, we quickly realized that many feel they are habitually distracted when socializing by their device but also admit they didn’t want to go completely phone-free.” To tie it back to the brand’s beverages, Nasser said that the company’s goal is to “foster moments of genuine connection and help people experience the joy of true togetherness,” ideally “over a beer.” The pre-smart-phone-era nostalgia can be seen in fashion, too. Earlier this month, W Magazine reported on Blackpink star Lisa’s Louis Vuitton x Stephen Sprouse bag from the early 2000s, suggesting that high fashion may be heading this direction as well. Indeed, the shift is taking over pop culture, with HotNewHipHop sharing Monday (April 15) that Coachella’s Revolve Fest was a throwback to the aughts, full of nostalgic classics — Ying Yang Twins, Sean Paul, T-Pain and Ludacris. In further nostalgia news, the split-flap board is back. On Wednesday, NBC’s Today highlighted Oat Foundry, a company that rents out this old-style signage for brands looking to give that analog feeling — a product that has been used by brands ranging from Carnival Cruise Line to Glossier. Moves to harken back to the ’00s appeal to the childhood memories of a key demographic, the Zillennial — the cohort of the 30 million United States consumers born between 1990 and 2000. Many of these consumers have cash to burn. According to PYMNTS Intelligence’s study “The ConnectedEconomy Monthly Report: Meet the Zillennials,” 22% of zillennials do not living paycheck-to-paycheck, compared to 17% of both millennials and bridge millennials. This may be due to 54% of zillennials working full time while having fewer expenses than their older peers. Some of this financial stability may come from the money they save living with others: 58% live with a romantic partner, 34% live with their parents or siblings and 13% live with either friends or other housemates. This extra income from living with others and having fewer expenses may afford zillennials a bit more financial freedom to shop, and indeed, many of their shopping habits recall a less digitally connected time, as 92% of zillennials prefer to shop in-store despite being digital natives. So OMG, it seems like the aughts’ comeback is going GR8, from dumb phones to party jams, and with that, the PYMNTS weekender will TTYL. The post From Heineken’s Dumb Phone to T-Pain, ’00s Make a Comeback appeared first on PYMNTS.com.
The post Axie Infinity & Conflux Users Seize Raffle Coin: RAFF’s Stage 1 Presale Drawing to a Close Foreseeing Exceptional Growth appeared first on Coinpedia Fintech News No serious investor wants to miss out on the chance to earn exponential profits from viable projects. This is why investors are always making efforts to buy into crypto presales with the potential of achieving exponential growth. This year, Axie Infinity and Conflux users are doing all they can to make sure that they don’t miss out on this presale with high-growth capabilities. The stage 1 presale that has thrown the crypto market into a frenzy belongs to none other than Raffle Coin. This innovative cryptocurrency has all the markings of a crypto project that could experience impressive growth when it launches. Little wonder that Axie Infinity and Conflux users are eager to try it out. Axie Infinity is Breaking into the Game Streaming Space Axie Infinity is one of the foremost platforms that has been leading the rise of blockchain for the past few years. By running on Ethereum, Axie Infinity can use NFTs to create unique gaming characters that keep users entertained. One of the best things about Axie Infinity is that you can earn cryptocurrencies as rewards as you play. This helps to secure user loyalty and it encourages gamers to invest. The platform regularly hosts gaming live streams that connect users through Twitch. Most recently, Axie Infinity was named the host for the Grand Tournament live event happening on Twitch. Conflux Begins Plans to Create Blockchain Network Alongside Chinese Government Conflux is doing a great job of encouraging users and governments to tap into the crypto market. This is evident in the recent decision of the Chinese government to launch a blockchain infrastructure platform by collaborating with Conflux. The goal of this deal is to increase web3 and crypto uses within China and beyond. China is well-known for its strict stance against cryptocurrencies. So, for the government to go into a deal that increases blockchain adoption is a sign that Conflux must be doing something right. If all goes according to plan, the adoption of blockchain will ensure that Conflux can help improve international economic trade across borders. Raffle Coin Presale is Steadily Advancing It isn’t every day you find a cryptocurrency with both high-profit potential and real-world uses, but Raffle Coin is doing it all. The cryptocurrency operates using a decentralized model that encourages community engagement. This will help users make more contributions towards the growth of Raffle Coin. To join the community, all you need is to create a Raffle Coin account and fund it. The process is instantaneous and doesn’t require excessively long checks. Once your account is active, you can start going through the available raffle listings until you find one you like. Depending on your preference, Raffle Coin has instant, daily and even weekly raffle draws. When the platform launches, presale token holders will be up for rewards. These rewards will be a portion of the platform’s revenue fees and will increase depending on the size of your holdings. The Raffle Coin presale will soon leave its first stage, but there are six stages in total for interested investors to participate. It currently sells for only $0.020, and this is the best time to join this winning train. Explore what the Raffle Coin presale has to offer by visiting the website here.
The post Unlocking Wealth with BEFE Coin: A Lucrative Investment Opportunity appeared first on Coinpedia Fintech News The cryptocurrency space is one of the best opportunities to create wealth. Many crypto enthusiasts are making entry into the crypto space to harness the opportunities created there. Speculations have been getting across the industry on a potential x2 uptrend worth of BTC due to the halving on the way. This improvement of the crypto space is not solely due to BTC’s effect but other quality crypto projects in the space. BEFE is one of the quality projects that have given investors inspiration to expect a rewarding future stacked up with huge returns. In the course of this article, we will look at what makes BEFE a lucrative investment. BEFE’s Colossal Lift The cryptocurrency industry is no more bizarre to giving investors huge returns as we have found in the past with any semblance of Doge, Shiba Inu, Pepe and the rest the same, in any case, one element lacking from them is the way that the development isn’t maintainable, jeopardizing investors assets and making investors stay at alarm to try not to aggregate misfortunes. This is a viewpoint BEFE is extraordinary from the others. Supportability is normally achieved by having the utilities to continue drawing in investors and getting better in esteem with time. Because of what BEFE brings to the table, it has encountered an estimable expansion in value with a huge increase of more than 315% in the past 10 months. A few analyst have affirmed that this lift is exclusively because of the BEFE having the option to satisfy the needs of investors. BEFE offers investors the best of decentralized finance administrations by making it more effective, permitting exchanges to be handled rapidly and giving re-visitations of investors that decide to stake. These are a portion of the contributing element to BEFE surpassing other cryptocurrencies concerning execution. Specialists Projection On BEFE Sooner Rather Than Later BEFE is currently on the lips of so many across the crypto industry because of its extraordinary nature contrasted with each and every other cryptocurrency. It is an uncommon event to find a cryptocurrency that puts center around arrangements given to investors and this is where BEFE is phenomenal. The user focused nature of BEFE is exclusively answerable for the rise experienced in all vitals of the coin going from exchanging volume, value worth and market cap. To this end numerous specialists foresee an upsoar 100x BEFE’s ongoing worth sooner rather than later as it can possibly hit that cost mark. Conclusion BEFE is one of a handful of the coins in the business with the limit of giving investors financial independence, its true capacities are noticeable from contributions and development up until this point. Examination ought to likewise be utilized by each investor to have sufficient information. Get more info via this website
The post Bitgert Coin: The Next Frontier in Post-Bitcoin Halving Investments appeared first on Coinpedia Fintech News If you’re a crypto investor looking to boost your winning potential in the crypto market, Bitgert is the next place to be. The Bitcoin halving is coming and it’s going to be huge this time, with speculators suggesting we might be looking at Bitcoin hitting an all-time high around $150k. But with all the gains that we are expecting from Bitcoin after the halving process, investors are also looking into a crypto project they can invest in after they take their profit. By now, most crypto traders and investors are familiar with the sharp rise and the drastic fall that follows the Bitcoin price after every halving. But smart investors are already looking out for a crypto project with great potential for high price movement after Bitcoin halves. Bitgert BRISE is breaking all Boundaries and looking like the next big project that might be breaking into the scene after the Bitcoin halving. Let’s take a direct approach to understand why Bitgert is the next frontier in post-Bitcoin halving investment. Higher Potential for Price Rise Bitgert is currently posing to be a crypto project with a higher potential for price rise after the Bitcoin halving. This is specifically because of the current price formation and increasing popularity of Bitgert in the crypto market in the last weeks. In the last 3 weeks, the BRISE price has grown by a margin of around 135% which means an investment during this period would have put you in a winning trade. However, the rate at which Bitgert BRISE’s price is currently growing shows it is getting higher demand and adoption. This shows that the price could hit over 300% by the end of the month. With this organic growth rate, when more traders turn to the Bitgert coin after Bitcoin halves, the price could go through a massive surge. Bitgert Transaction Solutions Driven by Innovation Bitgert currently has a solution for most of the challenges hitting the crypto market space. This ranges from providing a mechanism that allows for over 100,000 transactions per second which deals with the menace of slow transactions. To its approach to making less of a burden with lower gas fees; Bitgert gives almost zero gas fees. Funny story, this is just a scratch on the surface of the innovations Bitgert’s is introducing into the crypto scene. This is why Bitgert has been increasing in popularity lately. Crypto traders are beginning to pay attention to the potential of Bitgert, and at this rate, we might be seeing Bitgert at the top spot in the crypto market soon. With the halving getting closer by the day, investors are also adding Bitgert to their watch list of crypto assets to invest their gains. Follow up with Bitgert for more information about the project on the Bitgert BRISE Website.
The post Pushd’s E-Commerce Presale Gains Traction at $0.144: Solana and Bittensor Communities Prepare for Potential 50X Returns appeared first on Coinpedia Fintech News Reliable blockchains and promising platforms retain their user base and long-term supporters even during a bear market. Solana and Bittensor are certainly not abandoned overnight, even after another market slide. However, those communities are also aware of new projects that offer higher upside potential. Looking for a source of new gains, Solana and Bittensor investors are well aware of the Pushd stage 6 presale, with potential 50X returns. Solana Active Wallets Peak in April In April, Solana saw a marked pickup of activity. Daily active wallets were well above 1M, peaking at 1.5M. Even during the market correction, Solana active users connected 1.2M wallets in 24 hours. The Solana network remains heavily loaded and may drop some transactions, but no major outages happened during that peak time. The stress test coincided with multiple new NFT launches, meme token transfers, and overall activity on older Solana games, markets, and DEX. The Solana token had a brief flash crash during the market correction but stopped the slide at $130.33. Solana also managed to stem the slide faster and invite buyers during the temporary dip. Solana still requires a relatively large initial investment, and its community is well aware of the stunning returns available from brand-new projects and token launches. Bittensor Calms Down After Binance Listing Bittensor gained a higher profile after the April 11 listing on Binance, followed by highly volatile trading. In the first minutes of trading, Bittensor spiked to $1,200, before falling to its current level around $446.79. Bittensor achieved its biggest gains in the last two quarters, driven by hype for decentralized AI. Bittensor uses decentralized computing for efficient machine learning. In the short term, however, Bittensor remains a volatile, speculative asset still in the relatively early stage of trading. The Bittensor project recalls tokens tied to decentralized data storage, which then had to pivot to different products. Pushd Offers No-Hassle Web3 Marketplace Pushd is a new single-focus project, building the next decentralized marketplace. Pushd will connect sellers and buyers, offering multiple e-commerce tools. In addition to a platform with no KYC, Pushd will offer a seamless, low-fee swap mechanism, and a debit card based on the user’s Web3 wallet. The presale will distribute another chunk of the Pushd token pool. The total supply is limited to 250M, of which the team allocation (18M) will be subtracted and locked for 700 days. Pushd will offer lifetime locked liquidity and incentives to hold the tokens for passive income. The Pushd presale successfully reached stage 6, with a price of only $0.144. From this discounted entry point, Pushd has the potential to build a robust economy and turn into a blue chip blockchain project. Presale events will distribute a total of 170M tokens for the widest possible outreach.